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Galantas Gold Corp V.GAL

Alternate Symbol(s):  GALKF

Galantas Gold Corporation is a Canada-based company, which is operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing volcanogenic massive sulfide (VMS) deposit in Scotland. The Company's projects include Omagh Project and Gairloch Project. The Omagh Project is situated within an approximately 189 square kilometer (km2) license area, which lies 1.5 hours drive west of Belfast, in Northern Ireland. The Company holds approximately seven exploration licenses over an area of around 596.7 km2. The Company holds exploration and developments rights to the Gairloch Project, an approximately 217 km2 mineral license area in Scotland that covers the Gairloch Schist Belt. VMS deposits are major sources of zinc, copper, lead, silver and gold. They often form in clusters in areas of ancient underwater volcanic activity. Its subsidiary is Cavanacaw Corporation.


TSXV:GAL - Post by User

Bullboard Posts
Comment by bageoon Feb 06, 2008 2:30pm
114 Views
Post# 14327370

RE: working capital

RE: working capitalDid you not notice that Galantas bought extra mining equipment in december (now on site) and they financed this not via issuing shares at the current low price but by a loan from a director at below market rates. Yes cashflow is an issue but the directors have significant stakes and have the experience and will not let the company suffer due to lack of cash. Additionally the Jewellery is now available not only via Galantas, independent retailers but has also now launched on Goldsmiths.co.uk - their UK retail partner - essentially the largest quality jewellery retailer in the UK.
Bullboard Posts